PICASSO
ActiveSummary
PICASSO has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€686,212) and a net result of €2,813. Equity remains stable across the filed financial years (±1.2% per year). Its solvency ranks better than 5% of 9,636 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- PICASSO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bestuursorgaan kan bij enkel besluit administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren vestigen in…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, algemene vergadering die benoemt” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Slechts door wil van aandeelhouders, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, bij gebrek bestuursorgaan in functie als college van vereffenaars” (deed in Dutch)